The Ukraine has thrown its hat into the ring of a series of countries looking to host a Formula 1 Grand Prix in the future, with officials from the state capital announcing plans to build an FIA-spec race track in the coming years.

Announced during a press conference on Tuesday, Kiev’s head of regional state administration Anatoliy Prysiazhniuk unveilled plans for the construction of a $1 billion facility near the city.

Prysiazhniuk confirmed that an investor had already been secured to construct the venue, which would house a 5.2-kilometre long circuit, hotels and other facilities.

“We will build an international track in the Polissia and Ivankiv districts in order to host international competitions,” he is quoted by the Kiev Post.

“I saw the project, and experts from Europe assessed it. The project was drafted by a person from Denmark who built the tracks in the [United Arab] Emirates, Singapore and other countries. The track will meet all modern requirements,” he added confidently.

Prysiazhniuk holds hopes that construction of the circuit could begin as early as next year, although what is unclear is what level of consultation and involvement has been had with F1 supremo Bernie Ecclestone, who recently commissioned Russia’s first Grand Prix at the resort city of Sochi, to start in 2014.

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Richard Bailey

Founder & Chief Editor at MotorsportM8
Hasn't missed a Grand Prix since 1989. Has a soft spot for Minardi. Tattooed with 35+ Grand Prix circuits.